Security Breach – 8 Feb 2019

Security Breach – 8 Feb 2019

Malware AttacksMost news coverage surrounding data breaches will hint at the erosion of customer loyalty, but what does it truly look like? With industries being disrupted at unprecedented rates, companies that are caught in the cross-hairs of highly publicized breaches must face the reality of losing customers to their competitors.

As cyber-attacks continue to become more commonplace, marketers will begin to assume a role in shaping security efforts. Third-party marketing technologies are rife with vulnerabilities that hackers are waiting to explore, and everyone will be responsible for prioritizing privacy over data management.

Recent Breaches

Australia – 8 Anonymous Web Hosting Providers

Exploit: “Manic Menagerie” malware attack

Risk to Small Business: Severe: A recent report by the Australian Cyber Security Center (ACSC) revealed that eight different web hosting companies in Australia had been hacked in 2018. By abusing security flaws within web applications, cyber criminals deployed malware techniques that were able to steal passwords, monitor activity, and even take over via remote access when desired.

Two of the providers also hosted cryptocurrency, resulting in losses of 3,868 Australian dollars. Additionally, the hackers were able to use Blackhat SEO to redirect legitimate sites to their fraudulent ones.

Risk to Exploited Individuals: Servere: Given that hackers were able to gain complete control of these web hosting companies, it is safe to say that any associated data was completely compromised. Websites that worked with any of the providers are likely affected, with credentials ranging from usernames and passwords to authentication certificates.

Customers Impacted: Unknown.

New Zealand – Cryptopia – Online cryptocurrency exchange

Exploit: Payment fraud

Risk to Small Business: Severe: After initially reporting the cyberattack over two weeks ago, the Cryptopia exchange is still being hacked. According to Elementus, hackers have stolen another 1,675 ETH ($175,875) from 17,000 wallets, siphoning and transferring the funds to a private address. 5,000 of these wallets were already emptied out and then “auto-refilled” by mining pools, which means that users are continuing to deposit funds despite the hack announcement.

Risk to Exploited Individuals: Severe: User wallets continue to become compromised, signalling that the cyber criminals have access to the private keys of the exchange and can withdraw funds from any Cryptopia account of their choosing.

Customers Impacted:  17,000 cryptocurrency wallets.

Being proactive in developing a cyber security plan can be the difference in successfully defending a breach or losing millions to a harmful attack.

Protect your data, privacy and reputation, talk to a TCT sales team member today.

Robert Brown

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